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KBA

KraneShares Bosera MSCI China A 50 Connect Index ETF**

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Investment Strategy:

KBA is benchmarked to the MSCI China A 50 Connect Index, consisting of 50 large-cap Shanghai and Shenzhen listed stocks (A-shares) available through Stock Connect. This Index offers the first officially recognized Futures contracts for Stock Connect-eligible A-shares, representing a powerful risk management tool for international investors. KBA focuses on the largest, most liquid stocks, which receive most foreign interest and inflows and may benefit from increased global investment in China’s onshore market over the long term.

MSCI China A 50 Connect Index Features:

  • Designed to meet the requirements of the growing number of investors in China’s mainland A-share markets.
  • In addition to offering high correlation to broad China A-share benchmarks1, the MSCI China A 50 Connect Index may offer greater liquidity and investability due to its balanced sector weighting methodology and focus on China’s largest, most liquid securities.
  • An expected reduction in tracking error and bid-ask spreads given that market makers can directly hedge exposure with Futures.

China A-Share Internationalization Highlights:

  • China A-Shares are vastly underrepresented in global indexes. While the United States has a weight of 58.67% in the MSCI All Country World Index, China only has a weight of 4.85%1
  • MSCI is realigning China’s overall weight in their Global Standard Indexes through an incremental inclusion process. Upon completion, China A-shares are predicted to account for about 20% of the MSCI Emerging Market (EM) Index1.
  • Greater accessibility and inclusion in global indexes has led to significant foreign inflows into the China A-share market over the past several years.

**Formerly the KraneShares Bosera MSCI China A Share ETF

1.) Data from MSCI as of 30/Sept/2021.

Fund Details

Data as of 10/03/2022
Ticker KBA
Primary Exchange NYSE
CUSIP 500767405
ISIN US5007674055
Net Assets $585,061,943
Total Annual Fund Operating Expense (Gross) 0.79%
Total Annual Fund Operating Expense (Net) 0.56%*
Inception Date 3/4/2014
Distribution Frequency Annual

Daily Performance

Data as of 10/03/2022
Premium Discount Chart
NAV
Net Asset Value$30.71 
Daily Change 0.40%
Price
Market Price $30.59 
Daily Change 0.82%
30 Day Median Bid/Ask Spread
 
0.06%

The ETF’s 30 Day Median Bid-Ask Spread is calculated by identifying the ETF’s national best bid and national best offer ("NBBO") as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Performance History

Distributions
Cumulative %
Data as of: 09/30/2022
Fund NAV Closing Price Index
1 Month -9.60% -9.41% -9.31%
3 Month -20.28% -21.82% -19.84%
6 Month -17.44% -17.19% -16.93%
Since Inception 60.86% 59.83% 74.30%
Avg Annualized %
Data as of quarter end: 09/30/2022
Fund NAV Closing Price Index
1 Year -27.08% -27.57% -26.56%
3 Year 4.42% 4.22% 5.11%
5 Year 1.59% 1.35% 1.11%
Since Inception 5.70% 5.62% 6.69%
Growth of $10,000
Data as of 10/03/2022

*Fee waivers are contractual and in effect until August 1, 2023

The Hybrid KBA Index consists of the MSCI China A Index from the inception of the Fund through October 23, 2014, the MSCI China A International Index from October 23, 2014 through December 26, 2017, the MSCI China A Inclusion Index from December 26, 2017 to May 29, 2019, the MSCI China A Index from May 29, 2019 to January 5, 2022, and the MSCI China A 50 Connect Index going forward.

Performance shown for periods before January 5, 2022, reflects that of the prior Fund. Future performance may be different than past performance due to changes, including investment objectives and principal investment strategies. Additionally, before January 5, 2022, the Fund previously sought to track the performance of a different Index before fees and expenses.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.

The Growth of $10,000 chart reflects an initial investment of $10,000 on the day prior to the selected time period and assumes reinvestment of dividends and capital gains. For the growth of $10,000 chart since inception, the initial investment of $10,000 is instead made on the inception date of the Fund. Fund expenses, including management fees and other expenses were deducted. The growth of a $10,000 investment in the fund is hypothetical and for illustration purposes only.

Top 10 Holdings

Data as of 10/04/2022
Full Holdings .CSV
Rank Name % of Net Assets Ticker Identifier Shares Held Market Value($)
1 KWEICHOW MOUTAI CO LTD-A 8.17% 600519 CNE0000018R8 181,289 48,161,461
2 CONTEMPORARY A-A 6.97% 300750 CNE100003662 722,353 41,084,791
3 LONGI GREEN EN-A 6.24% 601012 CNE100001FR6 5,409,456 36,769,369
4 WANHUA CHEMIC-A 5.14% 600309 CNE0000016J9 2,316,477 30,268,716
5 ZIJIN MINING-A 3.60% 601899 CNE100000B24 19,047,792 21,186,884
6 LUXSHARE PRECI-A 3.58% 002475 CNE100000TP3 5,054,741 21,083,981
7 CHINA MERCHANTS BANK-A 3.54% 600036 CNE000001B33 4,372,658 20,875,503
8 YUNNAN ENERGY-A 3.46% 002812 CNE100002BR3 825,543 20,393,639
9 BYD CO LTD -A 3.46% 002594 CNE100001526 570,289 20,390,090
10 CHINA TOURISM-A 2.93% 601888 CNE100000G29 613,932 17,267,913

Holdings are subject to change.